SINGAPORE (Sept 20): Poh Tiong Choon Logistics has received a $1.30 per share takeover offer from its chairman for all the issued and paid-up ordinary shares.

With 212 million shares on issue, the offer price values the land transport provider at $276 million.

Respond Logistics is the takeover vehicle by chairman Poh Choon Ann and Tower Capital Logistics, an affiliate of Tower Capital Asia.

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